Published 1 year ago

Biden calls for stronger banking safeguards, rollback of Trump-era rules

Summary by Ground News

President Biden on Thursday called on federal regulators to consider imposing stronger safeguards on the banking industry in the wake of the failure of Silicon Valley Bank, in part by reversing Trump-era rollbacks.

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The Hindu

Biden calls to revive bank regulations that Trump weakened

Weeks after the failure of two banks, President Joe Biden called on March 30 for independent regulatory agencies to impose tighter rules on the financial system, telling them that they can act under current law without additional steps taken by Congress.

1 year ago·India

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Reuters

White House pushes new rules for mid-sized banks without going to Congress

The Biden administration proposed a limited list of new measures Thursday to strengthen mid-sized banks that it said could be pushed through without having to go to Congress.

1 year ago·United Kingdom

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Associated Press News

Biden calls to revive bank regulations that Trump weakened

WASHINGTON — Weeks after the failure of two banks, President Joe Biden called Thursday for independent regulatory agencies to impose tighter rules on the financial system, telling them that they

1 year ago·United States

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abc News

After bank failures, Biden urges regulators to tighten previously weakened rules; no call for new congressional action

1 year ago·United States

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Washington Times

Biden calls to revive bank regulations that Trump weakened

Weeks after the failure of two banks, President Joe Biden called Thursday for independent regulatory agencies to impose tighter rules on the financial system, telling them that they can act under current law without additional steps taken by Congress.

1 year ago·United States

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The Washington Post

Biden to push new banking rules after Silicon Valley Bank collapse

The White House is preparing to call for federal banking regulators to impose new rules on midsize banks, prompted by the collapse of Silicon Valley Bank earlier this month, according to two people aware of internal discussions. But it appears unlikely that the administration will ask Congress in the immediate future to undo a deregulation law passed five years ago with bipartisan support.

1 year ago

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